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What Come Up Must Go Down __ Home Values Will Continue to FREE FALL Decline Worse than expected v'v'v'v'

By
Real Estate Appraiser with Appraisal Values LLC

As an active rain member I have researched historical home price declines for statistical patterns.  The last time we had www.appraisal-values.com excuse me home property values drop was in 1987, when the stock market crashed.  At that time a median property value range of 10% year over year for three consecutive years.  This is based on facts, by local Bergen County Real Estate Agents according to www.BergenCountyMLS.com.  As far as I can see we have seen on average 10% this leaves about a 15% to 20% continued decline if history repeats itself.  But wait a minute, we have had a fox in the hen house too long with Wall Street continuing their churn on the mortgage lending barel with toxic 100 to 110% LTV loand products this go around.  So my estimate is probably 25% before we hit the floor and propery values stabilize.

Anonymous
Anonymous

Did anyone else have to reread this to make sense of it?

Jul 23, 2008 04:49 AM
#1
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

     I encourage you to take another look at the website.  Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Jul 26, 2015 01:05 PM